Technicals

EurUsd Market hit 1.5971 high last week. This marks initial resistance ahead of 1.6000 Pivot point resistance. A break there would open the way to key resistance 1.6200. On the downtrend, return below 1.5800 will undermine the recent uptrend. Any may bring back 1.5400 1.5800 consolidation range. Below, strong support holds 1.5304 13th June low.

GbpUsd Cable is still in its long term trading range 1.9400 2.0000. Further advance will find resistance at 2.0007 1st July high and 2.0027 21st April High. Key level holds 2.0100. On the downside, only a return below 1.9600 might bring again focus on 1.9337 January low and 1.9105 (50% retracement of 1.7049 2.1162 advance). Initial support holds 1.9649 July 7th low. Strong support holds 1.9363 20th February and 14th May low.

UsdJpy Previous 3-month up-trend is now on hold as market broke down 100-108 support Trendline. Trend in which 108.59 16th June high marks strong resistance. Renewed advance over mid-June 108.59 would put 110.10 strong resistance (Trendline) into focus and mid January double top ahead of 111.92 early January high. Recent profit taking would bring the market below 105 and maybe back into 100 104 consolidation trading range. Strong support holds 105.66 11th July low.

UsdChf Market is heading back to early month 1.0112 low. Further support holds 1.0100 Pivot point. Further weakness below that level may open the way toward 0.9637 17th March low. Renewed strength over 1.0200 would reopen the 1.0200 1.0600 consolidation range. June 13th 1.0541 high holds initial.